Robinhood (HOOD) started with a market outperformance on KBW with retail trading gains.

“With Robinhood having only a ~1% share of U.S. self-directed assets but an estimated ~20% share of all self-directed brokerage accounts in the U.S., we believe there is room for HOOD to outpace the overall asset growth of the self-directed industry. As core customer segments mature,” the authors wrote.